Coca-Cola ($KO (-1.21%) ) slightly exceeded expectations in the first quarter of 2025 with earnings per share (EPS) of USD 0.73 (forecast: USD 0.72), but fell just short of the forecast of USD 11.2 billion with revenue of USD 11.1 billion. Despite these mixed figures, the share remained stable in trading with a slight increase of
0,15 %.
Important key data
- EPSUSD 0.73 (USD +0.01 above forecast)
- TurnoverUSD 11.1 billion (USD -100 million below forecast)
- Organic sales growth: +6 %
- Price-mix growth: +5 %
- Free cash flowUSD 560 million (excl. Fairlife payment)
Corporate development
Coca-Cola achieved a solid performance, driven by volume growth of 2 % and particularly strong results in the Asia-Pacific region (e.g. India, China). North America remained slightly under pressure due to weaker consumer sentiment.
Margin development
- Comparable gross margin: +30 basis points
- Comparable operating margin: +130 basis points
Outlook 2025
The company confirmed its targets for the year:
- Organic sales growth: 5-6 %
- EPS growth (currency neutral): 7-9 %
- Expected EPS growth contribution after currency effects: 2-3 %
Risks
- Significant currency headwinds (2-3 points on sales, 5-6 on EPS)
- Weak consumer sentiment in North America
- Potential impact of global trade dynamics and market saturation in core markets
